Ex-Merrill Brokers Probed
By NYSE in Timing Case

By

Evelyn Juan

Updated Jan. 12, 2007 12:01 a.m. ET

Regulators at the New York Stock Exchange are investigating three former Merrill Lynch & Co. brokers who were ousted by the company in 2003 for allegedly helping a hedge fund trade improperly in mutual funds.

In its monthly listing of disciplinary actions, the exchange said it fined former UBS AG branch manager John Borgese $50,000 for failing to supervise three unnamed financial advisers involved in mutual-fund market timing in...